Last week,  Infosys had completed its Rs 13,000 crore buyback programme.

The company  bought back 11,30,43,478 equity shares at a price of Rs 1,150 per equity share.  Rohan Murty, son of NRN and Sudha wife of promoter Gopalakrishnan also participated in the open offer.  LIC and Singapore government also participated in the open offer.

Last week the market was buoyant owing to the victory by BJP in Gujarat and HP. As indicated in our earlier newsletter the market has hit a new high and the bulls took complete control of the market. With just a week to go in the current year the market may end with positive note this year. Usually after a strong bull year, the market is expected to lose its steam in the subsequent year.   Let us check if the trend continues in the year 2018

We take this opportunity to wish our readers Merry Christmas and happy New Year!